Margins Down at Ahold USA Chains

AMSTERDAM -- Ahold here yesterday said it took a $118 million charge in the fourth quarter for the sale or closure of its 46 Tops stores in northeastern Ohio.

Mar 22, 2007

AMSTERDAM -- Ahold here yesterday said it took a $118 million charge in the fourth quarter for the sale or closure of its 46 Tops stores in northeastern Ohio. As a result, the company‘s Giant-Carlisle-Tops division posted an operating loss of $63 million in the period. For the year, the division had operating profit of $62 million, down $28 million from a year ago. The Stop & Shop/Giant-Landover division also saw declines in operating margins, which were impacted by the c